Question: Use the following table to answer question 7 & 8: Nominal Real Price Year GDP GDP index W N 5,200 4,800 5,500 112 5,740 5,000

Use the following table to answer question 7 & 8: Nominal Real Price Year GDP GDP index W N 5,200 4,800 5,500 112 5,740 5,000 7. Refer to the above table. What is the GDP price index in Year 1? A) 105.2 B) 108.3 C) 109.6 D) 111.5

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